Millicom International Cellular SA (NASDAQ:TIGO) Receives Average Rating of “Hold” from Analysts

Millicom International Cellular SA (NASDAQ:TIGO) has received a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $53.00.

A number of equities research analysts have recently issued reports on TIGO shares. JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Weiss Ratings restated a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. Scotiabank downgraded Millicom International Cellular from a “sector perform” rating to a “sector underperform” rating and reduced their target price for the stock from $46.80 to $43.00 in a research note on Wednesday, February 11th. Zacks Research lowered Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and increased their price target for the company from $49.00 to $70.00 in a research note on Thursday, January 15th.

Institutional Trading of Millicom International Cellular

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in shares of Millicom International Cellular by 1,129.7% during the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after acquiring an additional 418 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Millicom International Cellular during the fourth quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after purchasing an additional 427 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Millicom International Cellular by 155.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after purchasing an additional 314 shares during the period. Finally, Spire Wealth Management bought a new stake in Millicom International Cellular in the 4th quarter valued at $29,000.

Millicom International Cellular Trading Down 0.8%

Shares of Millicom International Cellular stock opened at $63.95 on Friday. The stock has a market cap of $11.01 billion, a P/E ratio of 9.79 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 1.76. Millicom International Cellular has a 12-month low of $25.50 and a 12-month high of $68.93. The business’s 50 day moving average is $58.36 and its 200-day moving average is $51.71.

Millicom International Cellular Company Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.